Almaty has hosted the XI annual conference of the Fitch Ratings agency on Kazakhstan, whose motto could be summarized as “today is a little better than 2014 and 2015”. This is probably why, on the eve of the conference the agency has confirmed country’s rating as the “BBB” with a stable forecast.
Crude Accountability presents the report, “The Kashagan Oil Bubble”. The report examines the main reasons that led to the failure of the Kashagan oil field development project.
Judging by Nursultan Nazarbayev’s program article of April 12, 2017 called “Glance into the Future: Modernizing the Public Consciousness”, the Kazakh president is very much dissatisfied with our people. There could be no other explanation. So, Akorda now must solve the task that is threefold and of a landmark nature – to carry out political reforms, to modernize the economy, and re-educate the Kazakhs making them the proponents of a new public consciousness.
It is without a doubt that the issue of who will become Nazarbaev’s successor in charge of Kazakhstani government, will be decided as part of a inner-elite struggle. As of recently this struggle, if not quieted down than at least moved into media shadows, since it has become for everyone that angering fellow citizens during crisis is a bad idea.
Citigroup analysts predict a rise in oil prices above 60 Usd already by the second half of 2017, and a rise in oil prices up to 65 USD/barrel by the end of the year. What effect will it have on resource-dependable economies?
Kazakhstani president’s order to move Kazakh language to Latin script by 2025, that was voiced in his article, “Bolashkka bagdar: ruhani jangyruu” (A look into the future: modernization of public consciousness) published on April 12 in the newspaper Egmen Kazakhstan, has cause loud disputes in the society.